Hagerty director Kauffman sells shares worth $353,193

Director Robert I. Kauffman of Hagerty, Inc. (NYSE:HGTY) sold 29,490 shares of Class A Common Stock on October 7 and 8, 2025, for approximately $353,193. The sale comes as the $4.14 billion market cap company has shown strong momentum, with shares up 37.46% over the past six months.

The sales were executed in two separate transactions. On October 7, 6,861 shares were sold at an average price of $11.90, with prices ranging from $11.84 to $12.02. On October 8, 22,629 shares were sold at an average price of $12.00, with prices ranging from $11.71 to $12.13. According to InvestingPro analysis, HGTY is currently trading below its Fair Value, suggesting potential upside opportunity despite the insider sale.

The shares were indirectly held by Aldel LLC, where Kauffman serves as manager and has voting and investment discretion. Following the transactions, Aldel LLC holds 1,079,049 shares. Kauffman also directly holds 67,302 shares.

The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 9, 2024.

In other recent news, Hagerty Inc. announced a secondary offering of 8.7 million shares of its Class A Common Stock. The selling stockholders, Hagerty Holding Corp. and Aldel LLC, have also given underwriters a 30-day option to purchase an additional 1.3 million shares. Hagerty will not receive any proceeds from this sale. Meanwhile, Wells Fargo has reiterated its Equal Weight rating on Hagerty, maintaining a $13.00 price target. JMP Securities initiated coverage with a Market Outperform rating and a $15.00 price target, highlighting Hagerty’s leadership in specialty insurance for classic and enthusiast vehicles. BMO Capital started coverage with a Market Perform rating and a $13.00 price target, noting Hagerty’s unique customer engagement in the auto insurance market. Oppenheimer also initiated coverage with an Outperform rating and a $15.00 price target, emphasizing Hagerty’s focus on classic cars and its distinct customer base. These developments reflect the latest analyst insights and strategic moves for Hagerty.

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